Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) declared a quarterly dividend on Tuesday, August 27th, Zacks reports. Investors of record on Friday, September 6th will be given a dividend of 0.125 per share by the transportation company on Wednesday, September 25th. This represents a $0.50 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, September 6th.
Hub Group has a payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hub Group to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.2%.
Hub Group Trading Up 1.1 %
Hub Group stock traded up $0.49 during trading hours on Thursday, hitting $45.87. The company had a trading volume of 130,380 shares, compared to its average volume of 442,442. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $2.86 billion, a P/E ratio of 21.82 and a beta of 0.89. The company has a 50-day moving average price of $43.73 and a two-hundred day moving average price of $42.89. Hub Group has a 1 year low of $31.73 and a 1 year high of $48.39.
Analysts Set New Price Targets
Several research analysts recently issued reports on HUBG shares. UBS Group increased their price objective on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. TD Cowen cut Hub Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $50.00 to $43.00 in a research report on Thursday, July 18th. Evercore ISI reaffirmed an “in-line” rating and set a $44.00 target price on shares of Hub Group in a research report on Tuesday, June 25th. Finally, Susquehanna dropped their target price on Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.35.
Read Our Latest Report on Hub Group
Hub Group Company Profile
Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.
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